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Robert Chomentowski's Blog

By Robert Chomentowski | Mortgage Broker
or Lender in San Diego, CA

Get FHA Loan Only Two Years After Chapter 7 Bankruptcy

FHA home loans have a much easier policy to apply for a home loan after a Chapter 7 bankruptcy than conventional loans.  FHA only requires a two year wait after a Chapter 7 bankruptcy discharge where conventional loans require a four year wait.

Read more at:http://socalfhahomeloans.com/fha-loan-requirements-after-chapter-7-bankruptcy-in-california/

The key date to look for is the discharge date (not the file date) of the Chapter 7 bankruptcy.  It is from this date that you count two years to be able to apply for a FHA loan in California.  If you like us to look this date up for you we can do that with a credit check.  

Another key factor is that FHA loan guidelines like to see that you do not have any additional credit derogatory items after the bankruptcy discharge.  Make 100% sure you are not late on any accounts that report to your credit and that you do not incur any collections or tax liens following your bankruptcy.

So I hope this excites you that you can buy a home only two years after a bankruptcy.  Feel free to email us at homeloan8@gmail.com or call at 858-922-7899 if you would like to discuss applying for a FHA loan in California.

Rob Chomentowski
Sr. Loan Officer 
Affinity Financial


By Roy Bush,  Sat Jun 29 2013, 20:36
I had a buyer that wanted to buy a home in Arizona, but he had a Chapter 7 bankruptcy 7 months ago. After researching the web I found a loan program at http://www.cfsflex.com, they allow a mortgage after a foreclosure, short sale, or bankruptcy. There is only a six month waiting period. Good to see lending options coming back.
By Joycelewis412,  Sat Aug 31 2013, 19:50
This is a site that will help you determine if you can qualify for a refinance after short sale, foreclosure, or filing bankruptcy. Check out http://www.whywaitbuytoday.com

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